North Fork Country Club Inc

“Significant by-law changes: the entire management and control of the club, its affairs, property, assets and functions shall be vested in a board of governors (herein called the "board") consisting of eleven (11) members divided into three (3) classes. Two classes of four (4) members each and one class of three (3) members. The term of office of each class shall be three (3) years and until successors are duly elected. All members shall be elected at the annual meeting of the club by a plurality vote to succeed the class whose term is expiring and any other vacancies shall also be filled. A member may serve only two (2) successive full terms and may be re-elected after an absence from the board of six (6) years. A member named to fill a vacancy may then be elected to two (2) full terms. To serve on the board of governors, one must have been a regular member (single or family), regular senior member (single or family) or spouse of a regular or senior family member in one of the aforementioned categories of the club for three (3) years prior to being elected. For purposes of these by-laws and club rules, a member in good standing shall mean a member of whatever category who: is not in arrears in the payment of assessments, dues, charges or other obligations to the club and is currently not suspended or subject to any form of disciplinary action in accordance with section 1140 or, sections 1230. A member in good standing shall have those voting rights as set forth in section 1034 of the by-laws. Board of governors: authority of the board e. To adopt annually an operating and capital budget. I. To establish committees and sub-committees and assign duties k. To choose a successor from the incumbent board who shall hold office for the unexpired term in the event of a vacancy in the office of the president, vice-president, secretary, treasurer or other officer or fill vacancies on the board due to resignation, death, inability to perform duties or otherwise. O. To select, employ, oversee and monitor the performance of a general manager and delegate management functions to the same. Process and procedures any members of the board will be considered to have resigned from the board for failing to attend two (2) successive meetings, or any three (3) meetings of the board held during any calendar year unless the board shall otherwise order by majority vote. A two-thirds (2/3) majority vote by the board is required for removal of a board member for reasons other than absence, i.e., conduct prejudicial to the interests of the board and/or the club. The board member in question will receive a written notice of the board's pending action ten (10) days prior to the board meeting. Eight (8) members of the board not including the board member in question shall constitute a quorum.”

“North fork country club, inc. (the "club") was incorporated as a membership organization.”

“Nominating committee ("nc"): at least 60 days before the annual meeting of the club, the board shall appoint a nc composed of five voting members of the club, only two of whom shall be members of the board. The nc shall propose five candidates for any vacant, unexpired term. The names of such candidates shall be posted on the bulletin board of the club at least 15 days prior to election.”

“The affirmative vote or written consent of 2/3's of all regular senior members voting in person or by proxy will be requisite for: the mortgaging of any property of the club; the purchase or sale of and lands of the club; the amendment of the certificate of incorporation; the dissolution of the club; single capital expenditures in excess of 5% of the club's net worth shall require a majority vote in person or by proxy of the regular and senior membership.”

“The form 990 was reviewed by the controller prior to filing.”

“The organization obtains written disclosure statements from all board members and management personnel. Cfo is aware of any potentials compliance issues and monitors accordingly.”

“A compensation committee is responsible for proposing any compensation package and contract to the board who has the ultimate say in determining final employment compensation for upper management. All middle management pay is proposed as part of the annual budget process and ultimately subject to board approval.”

“The annual audited financial statements are distributed to the membership at the annual meeting of the club. The governing documents and conflict of interest policy are not available to the general public.”